Tunisia's debts are expected to reach TND 139.9 billion by the end of 2024, compared with TND 127.1 billion forecast for 2023, up by around TND 12 billion, according to the draft State 2024 budget. This increase is explained by a budget deficit of TND 10 billion and the repercussions of the exchange rate (TND 2.1 Billion), reveals the same source. It added that State debt would account for 79.81% of GDP by the end of 2024, compared with 80.20% in 2023 and 79.83% in 2022. The State's domestic debt, estimated at around TND 59 billion, accounts for around 42.2% of Tunisia's debt, while the external debt, which amounts to around TND 80.9 billion, accounts for 57.8%. The 1% increase in the exchange rate of foreign currencies against the dinar will increase the State's debt by nearly TND 837 million, or around 0.48% of GDP, according to the document. In fact, the euro accounts for 42.88% of Tunisia's foreign debt, followed by the US dollar (41.73%), the Japanese yen (4.05%) and special drawing rights (7.36%), while other currencies account for 3.99%.

Source: Agence Tunis Afrique Presse